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Cardano (ADA) Update 24/11/21: $4.29 Target🎯Potential 200% GainCardano (ADA) Update 24/11/21: $4.29 Target🎯Potential 200% Gain. From the previous HL (May Crash to July Bottom), since hitting a new ATH @ $3.09 on the 2nd September, Cardano has been consolidating in the range between 61.80% and 38.20% Fibonacci level in the range between $2.28 & $1.81. From the current price action and looking at the momentum oscillators, ADA is in an oversold market condition and we can expect bullish sentiment back in the market. It is important to note that confirmation of the 2nd leg up will require ADA to break above the 200 SMA around $1.90 for a true breakout back towards the ATH price and our target at the 161.80% fibs @ $4.29. From the current price we expect ADA to push above the 61.80% with a clean break above this level as ADA has failed several times now to flip this critical level into strong support for the next push phase towards $2.60 at the 78.60% Fibonacci level. For the next impulsive move, it is important for ADA to establish the 61.80% and 78.60% fibs as levels of strong support. Our current targets for Cardano (ADA) from the current price level @ $1.62. 127.20% fibs @ $3.59 (120% Gain) 161.80% fibs @ $4.29 (163% Gain) 261.80% fibs @ $6.31 (287% Gain) 423.60% fibs @ $9.59 (486% Gain) Use Buy Zone to map out your entry. Please see previous analysis below. Happy Trading :) Cardano Update 22/08/21: $2.45 Target Hit 🎯10% Gain to $2.85 at the 127.20% fibonacci level. Expect a small pull back from the 127.20%, the next target from here is $3.35 at the 161.80% fibonacci level. From the current price level it is a 29% gain to a new ATH at $3.35. Please see previous analysis below. Happy Trading :) Cardano Update 13/08/21: Next Stop $2.45 20% Gain. Cardano has gone parabolic since the 13 EMA crossed up above the 50 SMA on the 5th August, gaining 53% in the past 8 days from $1.33 to $2.04 showing great strength and momentum for ADA as it looks ready to retest the ATH which is 20% gain from the current price level. The next price target after the ATH is at the 127.20% Fibinacci level @ $2.85 which is a 38% gain from the current price @ $2.04 and at the 161.80% Fibonacci level @ $3.35 (63% Gain from current price). See previous analysis below. Happy Trading :) Cardano hit our 33% Gain price target on 26/02/21, going beyond this target and surpassing to a new ATH , currently we still above the previous target and although retracing shortly after the new ATH $1.48 ADA is still currently 33% above last weeks close as we enter the new month. We are still bullish setting our EOY Target for ADA at $9. Looking on the other side, a reversal from this price level is merely impossible and would mean the current price sinking down -127.2% but a possible touch at the 100% Fib retracement could be in play but I believe the bulls are very much still in control. Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08. Overall very bullish outlook on ADAD with a long-term price target of $9 EOY. A further retracement to Buy Zone 1 is expected looking at the 13 EMA as this could possibly touch price levels just above the 50 SMA before we continue on this bullish impulsive uptrend as further profit taking is expected at these current levels. Note the bulls are still in the market with such strong fundamentals and positive news expected around the ADA hard fork on 01 /03/21 with the development of Mary and note possible Ethereum killer. Happy Sunday Traders lets have another great month ahead of us!! #Cardano #Ada
KRAKEN:ADAUSDLong
by CryptocurrencyMagnet
7
Cardano / ADAUSDT Ready to fly 100% ✅✅We have very clear crypto to talk about, which is CARDANO what we see is really clean, We are in strong trend with strong impulse to up, and currently we are ending the correction, you can see price weakness perfectly, For now we keep eyes on this crypto, as I dont really trade futures, but I have bought my first level here, second I will buy after breaking minor resistance. Cardano is great fundamentally same time for now our team highly confirms to open buy position on this crypto. We confirm 100% our bullish impulse as soon as we break our resistance just above and mentioned on chart, First Target 4 USD Any question comment me bellow GOOD-LUCK Everyone @FxShzd
Long
by FxShzd
2
Crypto Explainer - What is Cardano (ADA)?Cardano emerged back in 2015 and presents today a strong contender in the smart-contract arena. Similar to Ethereum, developers can create smart-contracts for their DApps. On the other hand, Cardano is highly scalable, and is able to process more than 250 transactions per second, versus Ethereum that currently does around 15 only! This solves the major obstacles and backlashes that many cryptocurrencies faced: Eco-friendliness and scalability. Invest responsibly, and always do your own research. Cheers! CT Team
KRAKEN:ADAUSDEducation
by CryptoTicker
Cardano Ready to take off ✅✅✅What we see on this crypto pair ADABTC is clear and obviously nice pair for our watchlist, we were following this pair for a while so far, for now our group is ready for nice LONG position. Just keep it in your mind with proper RISK MANAGEMENT . MultiTF Analysis Top down analysis as you see on the different TF, 1W 1D 8H 4H. all areas determined perfectly in higher timeframe and in lower time frame we getting more bullish confirmations, for the last confirmation we waiting 10MA to cross 20MA. but everything else is perfect for this pair to open BUY position. Dont forget any question comment me bellow @FxShzd BEST OF LUCK Everyone
Long
by FxShzd
Cardano strong rising long-termIn my previous analysis, I went in depth with a credible trend analysis that I still have clear speculations about. The analysis indicates stronger support signals, which should push the crypto in motion, over longer periods of time. It is marked with linear lines how Cardano's sustained rotations will continue the course towards its new height. As Cardano gradually begins to live up to the achievable positive expectations of the price increase, I have now become more resilient and speculative, in the crypto. Best regards from Mr. Bruno
Long
by MrBrunoBang-Christensen
3
Cardano Price PredictionADA has extended the week’s losses in Wednesday’s session. Since mid-August, the psychological 2.0000 has been a crucial support level for the altcoin. However, by plunging further on Tuesday, it is now trading considerably below this zone. Currently, Cardano's price is down by 2.65% at 1.8. Since hitting its highest level in close to two months in the past week, it has dropped by 23%. On a two-hour chart, it is trading below the 25 and 50-day exponential moving averages. In the short term, I expect the prior support level of 2.0000 to be evasive. From this perspective, it will probably trade within a range of between 1.8000 and along the 25-day EMA at 1.9332. Past the horizontal channel’s upper border, the bulls will have a good opportunity to push Cardano's price back above the crucial level of 2.0000. On the flip side, bears may attempt to retest Tuesday’s low of 1.7622.
COINBASE:ADAUSD
by thomasfullerofficial
Cardano Next PushQuick update for ADA. after retracement Cardano get strongly supported around 2$. Next push could start soon as BB is starting to be really compressed. ------------------------------------------ Trade Plan ------------------------------------------ Buy : 2.2$ ish (now) Rebuy : 2$ (Full Buy) TP1 : 3.30$ (Security TP) TP2 : 4.75$ Stop : 1.8$ ( if u wanna set it) ------------------------------------------ - Follow the King to stay safe! PS : Special greetings to my friend Trader @bestfarbit74 , because i know he likes Cardano !! Happy Tr4Ding!
KRAKEN:ADAUSDLong
by thecryer
19
Cardano falling wedgeCardano formed a falling wedge and successfully breakout yesterday and continued to grow today. I may be a little late with this idea but I will post it anyway. It might be wise to wait for the retest of the support line but I don’t know if that will happen, or Cardano will continue to pump. I personally will not enter the trade if there will be no retest of the support line. Anyway, the target from this breakout is at around 3,10$ or at the previous all time high. Let's see if that will happen.
BINANCE:ADAUSDLong
by Matej_
Cardano- Losses should be limited from now onSince the beginning of September, Cardano is on a downtrend, which in my opinion is in fact a correction for the 1 to 3 move up. October was a month of range trading and accumulation for this coin At this moment the price is 1.95 and a new spike down is not out of the question. Bulls can see this spike down as an opportunity to go long in 1.8 zone, support marked by a lot of highs and lows on our chart and also by 61% Fibo The first target can be 2.3, but I wouldn't be surprised if Cardano will reach a new ATH in medium-term
COINBASE:ADAUSDLong
by Mihai_Iacob
15
ADA/USDT 66 DAYS ✌ADA has been consolidating for the past 66 days and has finally broken out of the descending triangle. As seen in previous patterns, ADA almost always repeats the same pattern. If we take a closer look at the previous pattern (DT) we can see ADA has been consolidating for the past 65 days, after that we saw a huge surge to the upside. Today we are in a very similar position. In my opinion, we might see a fake-out and retest support at $1.90 to reset the RSI and go parabolic from there. On the other side, if we can see more volume coming in during the breakout we might not have to retest the previous support of $1.90 Not financial advice. Goodluck friends 😁
KRAKEN:ADAUSDLong
by technicalFlami29
ADA (Short Term) Bleed Out Continues Sideways and more consolidation continues as top coins like BTC and ETH continue to steal the show. ADA remains stuck in long accumulation. ADA could see a test down the 200 moving average around the $1.80 level. I remain bullish through Q4 however ADA is desperate for either a catalyst or an increase in demand from upcoming DeFi projects launching. Until then, I see no reason to close out any longs but be cautious when entering new long positions. I feel that Its important to remind everyone that ADA is up over 1,000% on the year and a 38% draw down after touching all time highs is nothing more than a symptom of a price discovery phase as the market attempts to set a price for the asset. I see its continued sideways trading as an overall bullish sign and no reason to change any Long DCA strategies. The market will continue to reward patience. Sit back. Relax, and continue to keep earning those sweet sweet staking rewards.
KRAKEN:ADAUSD
by ChimeraHoldings